Commodities rebounded across the board amidst news reported that PBOC is pumping as much as RMB500B (US$81B) into the banking system so as to boost economic growth. The front-month contract for WTI crude oil jumped to 95.19, the highest in 2 weeks, before settling at 94.88, up +2.11%. The Brent crude contract also rose to a 4-day high of 99.45 before ending the day at 99.05, up +1.20%.
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PBOC Liquidity Injection Triggered Strong Rebound in Crude Prices
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